Del. Code tit. 22 § 1806

Current through 2024 Legislative Session Act Chapter 510
Section 1806 - When no bonds or other obligations outstanding
(a) When no bonds are outstanding, the municipality may use money in the special fund for payment or reimbursement of debt service on Other Obligation that the municipality is obligated to pay under an agreement described in § 1802(b)(3).
(b) When no bonds are outstanding with respect to a special development district and no Other Obligations are outstanding:
(1) The special development district shall be terminated; and
(2) Any moneys remaining in the special fund on the date of termination of the special development district shall be paid to the general fund of the municipality.

22 Del. C. § 1806

Amended by Laws 2017, ch. 22,s 6, eff. 5/30/2017.
74 Del. Laws, c. 145, § 2.;